Ateneo de Zamboanga University
School of Management & Accountancy
Name of Office: Overseas Workers Welfare Association (OWWA)
Difficulties / Challenges Encountered
Working under the auditor's office
has brought me face to face with
various challenges and difficulties.
One of the primary challenges I
encountered was the complexity of
the inventory management process.
Keeping track of all the assets,
cross-checking paper records with
bank checks, and ensuring accuracy
in these records was a daunting
task. The sheer volume of inventory
and documentation made it
challenging to maintain a margin
streamlined and error-free system.
In addition to inventory
management, I also faced
difficulties in the financial aspect of
the role. Checking cash payments
and checking vouchers required
meticulous attention to detail and
adherence to strict financial
MANAGEMENT DEPARTMENT
School Year 2023-2024
BUSMAN 113
Period of Report: September 30, 2023
Actions Taken Results/Output Learning
Discoveries/Realizations
To address these challenges, I The actions I took resulted in Through these experiences, I
implemented several actions several positive outcomes. The realized the critical
to improve the efficiency and introduction of the excel importance of precision and
accuracy of my work. For tracking system for inventory attention to detail in the field
inventory management, I management (vouchers and of auditing. Even minor
created a new excel file (aside checks) significantly reduced errors can have significant
from that the OWWA system errors and improved the repercussions, and it's
made) that allowed for easier accuracy of our records. This essential to maintain the
recording and cross- streamlined the auditing highest level of accuracy. I
referencing of paper records process and made it more also learned the value of
with physical items such as efficient. adapting to modern tools
bank checks. This reduced the and systems to improve
for error and In the financial aspect, the efficiency, particularly in
streamlined the inventory implementation of rigorous inventory management.
management process. protocols for cash collection
and voucher checking led to Furthermore, I gained a
In the financial aspect of my increased accuracy in financial deeper appreciation for the
role, I established a rigorous records. This, in turn, facilitated role of auditors in
system for cash collection and smoother audits and ensured maintaining the financial
voucher checking. This that all financial transactions integrity of an organization.
involved creating checklists were accounted for correctly. It reinforced the need for
and verification protocols to continuous learning and
protocols. Any discrepancies or ensure that every step was professional development to
errors in these processes could lead followed meticulously. I also stay updated with evolving
to financial inaccuracies and sought guidance and training audit practices and
potential issues during audits. from experienced auditors to standards.
enhance my knowledge and
skills in this area. In summary, my role under
the auditor's office
presented numerous
challenges that I was able to
address through improved
processes and systems,
ultimately leading to more
accurate and efficient
operations. These
experiences provided
valuable insights into the
critical nature of the audit
function and the need for
ongoing learning and
adaptation in the field.

Submitted by:

Name of Trainee and Signature

Date of Submission: October 18, 2023